Question

7. Describe the event that corresponds to the journal entry when Accounts Receivable account is
debited and Sales Revenue account is(credited. *
(1 Point)
O a. Sale of goods on credit
O b. Sale of goods on cash
c. Purchase goods on credit
O d. Purchase goods on cash​

Answer 1

Answer:

option _ a

Explanation:

Because here a.c receivable treated as creditor.

Answer 2

Answer:

Sale of goods on credit

Explanation:

Journal Entry for Sales Invoice Accounts receivable is debited and when receive the payment  it will reflect on as Journal Entry for Receiving Payment for Invoice, Account receivable account will be credited.